Lease Financing of Coastwise Trade Vessels

Friday, August 09, 2002
The U.S. Coast Guard issued a Supplemental Notice of Proposed Rulemaking (SNPRM) to amend its regulations on documentation of vessels engaged in U.S. coastwise trade. The proposed amendments address statutory amendments eliminating certain barriers to foreign financing by lease for such U.S.-flag vessels. The proposal is intended to clarify the information needed for the Coast Guard to determine the eligibility of a vessel financed in this manner for a coastwise endorsement. Because the regulation as proposed would be more restrictive than current practice, vessels approved under this practice would be allowed to continue operation so long as there is no substantial change in the arrangement. Comments on the proposal should be submitted by October 8, 2002 Source: HK Law

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0718 sec (14 req/sec)